Infinera S-1: Cost of Goods Sold is Higher Than Revenue

| About: Infinera Corporation (INFN)

Infinera filed an S-1 today, the link is here.

First impressions? I’m not surprised that the company isn’t generating an operating profit. But I am a bit shocked that their cost of goods sold is higher than their revenue.

I need to spend more than five minutes looking at the S-1, but this one fact jumped out immediately.